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Odds Of Being Audited Fall To 14-Year-Low
Updated March 8, 2017 12:52 PM
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(UNDATED) - Your odds of being audited by the IRS are the lowest in more than a decade.

The tax agency reports the percentage of individuals' tax returns being audited fell to seven-tenths of a percent in the 2016 fiscal year.

That's the lowest since 2003.

To put it another way, you have a one in 143 chance of being audited.

Business owners also face declining chances of being audited.

Less than one-half of one-percent of small and large corporations, partnerships and so-called subchapter S returns were audited last year, the lowest rate since 2004.



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